The recent DSS raid on BDC operators
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Ans: It is not appropriate in the first place for CBN to either define the
exchange rate or to determine what rates are applicable in the market. The
wide disparity between official and parallel market rates is the result of
CBN’s reluctance to relinquish its oppressive monopoly on the foreign
exchange market. Invariably, monopolists will distort market prices in any
sector.
The post The recent DSS raid on BDC operators.
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